80 Clerkenwell Road,London EC1

Highly prominent and well positioned on the corner of Clerkenwell Road and St John Street within the ‘heart’ of Clerkenwell.

Situated within immediate walking distance to Farringdon Underground and Mainline Station – a major Crossrail hub, and Barbican Underground Station.

Single let and providing a total income of £270,575 pa reflecting a low passing rent of only £24.71 psf.

Highly reversionary with ERV’s of £40 psf on the ground and upper floors, and £25 psf on the lower ground.

Lease expiry in January 2015 providing 2.2 years unexpired.

Exceptional asset management opportunities to enhance value including the repositioning of the plant to create additional accommodation on 3rd & 4th floors, subject to obtaining the necessary consents.

Potential change of use to retail (A1/A2/A3) on lower ground and ground floors, and residential on the upper floors, subject to obtaining the necessary consents.

We are instructed to seek offers in excess of £5,500,000 subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 4.65% (assuming the deduction of purchasing costs of 5.80%), a reversionary yield of 6.91% based upon our assessment of ERV’s, and a capital value of £502 psf.